Tag: IMF

• Friday, March 4th 2011 - 01:52 UTC

  Brazil, the seventh economy of the world and ready to overtake France and UK

  

  Brazil announced Thursday it has become the world’s seventh economy after having expanded 7.5% in 2010, the strongest in 24 years. Brazil’s GDP now stands at 2.1 trillion US dollars with a per capita income of 11.185 USD.

• Thursday, March 3rd 2011 - 05:46 UTC

  IMF chief praises Uruguay, cautions good times are not for ever

  

  IMF Managing Director Dominique Strauss-Khan praised the management and achievements of the Uruguayan economy and said it was a pleasure to visit a country that does not have major problems resulting from the 2008 global financial crisis, which is a “recurrent issue” of his busy agenda.

• Saturday, February 26th 2011 - 03:02 UTC

  Latin America: Making the Good Times Better

  

  By Dominique Strauss-Kahn - Latin America has enjoyed tremendous economic dynamism and a rising quality of life in recent years. But, faced with new challenges, the question is: how best to sustain this progress?

• Tuesday, February 22nd 2011 - 00:00 UTC

  A fatiguing marathon ahead for debt strained Euro zone countries, says ECB

  

  European Central Bank policymaker Axel Weber said that debt-strained Euro zone countries must make the most of the breathing space bought by aid measures and warned them the hardest part of the reform process was still ahead.

• Friday, February 18th 2011 - 04:51 UTC

  IMF calls for fiscal discipline and a “weaker dollar” ahead of G20 meeting

  

  The International Monetary Fund will warn G20 finance ministers this weekend of growing risks to the world economy from surging food prices and public finances while also advocating a somewhat weaker dollar.

• Thursday, February 17th 2011 - 22:30 UTC

  IMF head scheduled to visit Uruguay and Brazil next March; skips Argentina

  

  IMF Managing Director is scheduled to visit Uruguay next month where he will meet President Jose Mujica and his economic team before flying to Brazil. Dominique Strauss-Khan will arrive in Uruguay from Panama and is not scheduled to visit Argentina, according to Uruguayan government sources.

• Wednesday, February 16th 2011 - 00:37 UTC

  French conservatives attack IMF Strauss-Khan who is eyeing Sarkozy’s post

  

  France's economy minister Tuesday urged IMF chief Dominique Strauss-Kahn to stay at the global lender, as French conservatives sought to impede his potential bid for the French presidency next year.

• Wednesday, February 16th 2011 - 00:30 UTC

  IMF calls for Yuan and SDRs to play greater role in global finance

  

  IMF chief Dominique Strauss-Kahn said the currencies of China and other emerging economies such as Brazil should play a greater role in global finance, as part of a bid to promote monetary stability

• Monday, February 14th 2011 - 23:47 UTC

  Roubini warns of “hard landing” if developing countries don’t control inflation

  

  Nouriel Roubini the New York University professor, who predicted the credit crisis, said China and other emerging markets risk a “hard landing” as they start raising interest rates to fight inflation.

• Monday, February 14th 2011 - 21:07 UTC

  Argentina hopes to reach an agreement with the Paris Club this month

  

  Argentina’s Economy Minister Amado Boudou heads to France this week to participate in the G20 ministers meeting and will take advantage of the trip to further advance tentative negotiations to resolve the defaulted debt Argentina has with the Paris Club.